Hello. I'm wondering if someone can point me in the direction of a podcast or blog post about using an LLC to run your rental properties. We have two long term rentals and an ADU in our back yard. We created and LL...
Hello all,
Thanks for reading and commenting - 1st rental duplex will close on 05/22 if all goes well. LLC is set up with Illinois, and paperwork is complete.
No tenants yet. I am going to hold the building for abou...
TL/DR - I bought a 3.5 down FHA Duplex, I'll be living in one side and renting out the other. I still need to pay towards the mortgage, but I'm saving money compared to renting. Do folks recommend: 1. Just deposit ren...
Hi all. Looking for some advice. I purchased a rental property last year that is titled under my LLC. I purchased the property with cash after I took out a HELOC on my primary residence. I first transferred the mon...
I am completing a cash out refinance on a rental. The rental was previously titled in the name of my LLC, but I moved it back into my name for the refi. I have a bank account in the company name where I've managed al...
Hey Guys,What's the best bank to open up a business account with in Florida? I need to create an account for my LLC so that the funds are separated from my personal.Thanks,
Hey guys! I'm new to the forum, and my husband and I are about to start our first short term rental (via arbitrage). We figured it best to create a separate bank account from our personal account for tax purposes, boo...
Hi everyone,We made a few utility payments for our new house in Florida over the phone and they charged every time. How can we pay without any additional charges? I am planning on setting up a new bank account and ma...
General question. I am buying SFR’s. I take the loans out under my personal name. Then after a short period of time request permission from the lender and deed the title of the property to my LLC.My my question is, do...
Hi Biggerpockets users, For those of you that have properties in Southern California, can you recommend me the bank(s) you use for your tenants’ rent payments? I don't want to use my personal account for these type of...